Gold And Silver – Knowledge Is Not Of Value. Using It Is…(Good Read!!)

Saturday, July 13, 2013
By Paul Martin

By: Michael Noonan
Market Oracle
Jul 13, 2013

Do markets send messages? Absolutely, and they are there for anyone and everyone to see as they develop. Most people like to read news about increased demand for gold and silver, record purchases for silver eagles, etc, etc, etc. The headlines over the past several months have teemed with such information, raising expectations, but not raising the price either of gold or silver.

More recently, there is “news” about market bottoms, eminent turnarounds, a renewal of where gold and silver can reach, [once the central bankers deplete their gold stocks; once the COMEX fails, and more etcs]. Seems like not as many are paying attention to the most reliable and obvious source of all, the market price itself.

But it’s manipulated and irrelevant. Manipulated? Without question. Irrelevant? Not so sure. If the price of gold and silver, as quoted on the New York and London exchanges is so irrelevant, then why is it still so widely used, and why is the rest of the world going along with the exchange pricing mechanism? Minds are being more manipulated than the markets.

For a while, premiums shot up, but the actual price for the physical did not, at least not for daily buyers that are non-sovereign countries. We do not think physical demand is the issue. The man/woman on the street of any country in the world is buying whatever they can afford. As price declines, people buy more.

China, Russia, India, and others, as countries, are taking whatever is available, so demand from sovereign sources have all their trucks backed up to the loading docks of whatever Western central bank[s] is selling. These buyers are more than happy to see price decline.

The supply issue is two-fold. One is the paper market, which apparently still has a lot of longs remaining: gold funds, primarily. The other issue is the central bankers themselves. They have more political power to use than many think otherwise. Yes, the vaults may be near-depleted, and yes, they cannot make good on any deliveries, but who is going to force them to cry “Uncle?” They also control the money supply, and if anyone wants to play hardball with them, they will play harder and dirtier ball back. Too many continue to underestimate they staying power, no matter how weakly perceived they are.

All we know is that almost all of the precious metals experts and newsletters/videos, etc, have been wrong for the past nearly two years. Gold is not at $5,000 or $10,000, not even $2,000. The same for silver, as it shocked so many when it went back to $18.

Buying gold and silver is like buying a house. Everyone needs a roof over their heads. The price of housing has dropped considerably since the housing bubble burst. Did everyone sell their house because its value dropped? Absolutely not. One still needs a place to live. Precious metals are a form of, let us call it “wealth protection,” without getting into semantics, where one needs to store value. Gold has a history of proven value over centuries. Paper fiat has a proven failure for over centuries, as well.

Which would you rather own?

Have the precious metals decline gone down farther and last longer than most expected? Yes, and yes. Will both gold and silver go back up in value? Without question. So why be concerned where the current price levels are? It is the last bargain of a lifetime, maybe even for generations. Can the price of both still go lower? Based on the charts, yes. Will they? Possibly, but that remains to be seen.

The New World Order, [NWO], is alive and well. It is actively exerting control over smaller European countries, and dictating policy for the entire region. The NWO has been operating under the radar in the bankrupt United States since 1933, so Americans remain willingly oblivious to its stealth forces and continue to believe they live in the “Land of the Free,” despite the Stasi-like conditions.

The Rest…HERE

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